CHICAGO, July 22 ― United Airlines Holdings Inc warned yesterday that travel demand will remain suppressed until there is a widely accepted treatment or vaccine for Covid-19, which plunged the carrier to a deep quarterly loss yesterday. Coronavirus infections are surging in the United States,...
Wednesday, 22 Jul 2020 07:06 AM MYT
Coronavirus infections are surging in the United States, causing some states to scale back reopening plans and reinstate quarantines in a fresh blow to airlines. Chicago-based United said more than 6,000 employees had opted for such packages. But after sending 36,000 notices of potential furloughs earlier this month, that relatively low take-up suggests United might have to furlough a significant number of workers.
While early data from trials of three potential Covid-19 vaccines released on Monday was encouraging, it is still far from clear whether the efforts will result in a vaccine capable of ending the global pandemic that has claimed more than 600,000 lives. The airline burned through about US$40 million per day in the second quarter but sees that amount slowing to roughly US$25 million in the third quarter as it matches its flight schedule to demand.
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